Lonking Holdings

What Lonking Holdings does

Lonking Holdings Limited is a Chinese construction machinery and logistics equipment manufacturer founded in 1993 and listed on the Hong Kong Stock Exchange (ticker: 03339) since 2005. The company produces a broad portfolio of heavy equipment including wheel loaders (1–2T through 7T+ classes including electric variants), hydraulic crawler and wheel excavators (≤10T to ≥30T), electric and diesel forklifts (1.5T–16T), vibratory road rollers, and skid steer/compact track loaders, along with a comprehensive parts catalog and financial leasing services. Manufacturing is vertically integrated across multiple subsidiaries — Lonking (Shanghai) Excavator, Lonking (Shanghai) Forklift, Lonking (Shanghai) Road Construction Machinery, Lonking (Fujian) Casting & Forging, and Lonking (Jiangxi) Machinery — with up to 70% of core components (hydraulic elements, drive axles, transmissions, gear pumps, valves) produced in-house.

The company's technology platform is anchored by proprietary electric powertrain IP, including a 345.6V high-voltage lithium battery forklift architecture with 1C super-fast charging and IP67-rated components, and an R&D operation in the United States staffed by engineers recruited from Tesla, Nio, and Schneider Electric for control system software development. Lonking generates revenue primarily through hardware sales distributed via a global network of over 500 dealer agencies across more than 40 countries in Asia Pacific, Mid and South America, the Middle East, and Africa, supplemented by financial leasing services that offer lower down payments and flexible terms. Strategic alliances with CATL (battery technology, 2024), Weichai and Shandong Heavy Industry Group (powertrain, 2022), Kawasaki Heavy Industries (excavator components), and SPIC (energy-sector electric loader deployment) provide both technology supply and reference customers. The company is one of the top three industrial vehicle brands by sales volume in China and is led by a board chaired by Li San Yim, who also serves as CEO and President.

Name

Lonking Holdings

Legal name

Lonking Holdings Limited

Website

https://www.lonkinggroup.com/

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Lonking Holdings Limited is a Chinese publicly listed manufacturer of construction machinery and logistics equipment, including wheel loaders, excavators, forklifts, road rollers, and skid steer loaders, distributed through over 500 dealers across 40+ countries. It serves mining, construction, warehousing, and energy-sector customers with vertically integrated manufacturing and financial leasing services.

Ownership category

akta.pro rank

Product category

Construction Machinery

NAICS

Construction Machinery Manufacturing (333120), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro primary industry

Wheel Loaders (IMAHAAAD)

akta.pro secondary industries

Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD), Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ)

Keywords

• Construction machinery
• Wheel loaders
• Forklifts manufacturing
• Excavators equipment
• Road rollers

Headquarters

HQ city

Xinqiao

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Construction Machinery Sales: Lonking generates primary revenue from manufacturing and selling construction machinery including wheel loaders, forklifts, excavators, road rollers, and skid steer loaders. Products are sold through a global network of over 500 distribution agencies to customers in 40+ countries.
2. Financial Services: Lonking offers financial leasing services to facilitate equipment purchases, providing users with financing options including lower down payments, flexible repayment periods, and fixed financing rates.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Lonking Holdings manufactures and sells a comprehensive portfolio of construction machinery and material handling equipment including wheel loaders, excavators, forklifts, road rollers, and skid steer loaders. The company operates a vertically integrated manufacturing model with up to 70% of core components self-produced, and offers both diesel and electric variants including proprietary high-voltage lithium battery electric forklifts and loaders. Products are distributed globally through more than 500 distribution agencies across 40+ countries.

Product overview

Lonking Holdings Limited is a Chinese construction machinery manufacturer producing a comprehensive portfolio of heavy equipment. The core product lineup includes Wheel Loaders (the flagship category, spanning 1-2T to 7T+ classes including electric variants), Excavators (hydraulic crawler and wheel excavators from mini ≤10T to large ≥30T), Forklifts (electric and diesel models from 1.5T to 16T including high-voltage lithium battery technology and warehouse equipment), Road Rollers (B, D, A9, DD series), and Skid Steer/Compact Track Loaders. The portfolio extends through specialized variants like Backhoe Loaders, Forklift Loaders, and Stone Fork Loaders. Supporting the equipment business, Lonking offers genuine parts (with 70% vertical integration of main product components) and financial leasing services. The company also maintains a VR Experience Center for product visualization.

Differentiator

Problem solved

Functional benefit

Products and services

• Wheel Loader Wheel loaders available in 1-2T, 3-4T, and 5-7T tonnage classes for construction, mining, and material handling applications. The 5-7T segment is the flagship category.
• Electric Wheel Loader Electric wheel loaders such as LG855N-E and LG856H-E featuring dual motor drive systems, zero emissions, and lithium battery power with CATL technology integration.
• Excavator Hydraulic crawler excavators and wheel excavators ranging from mini (≤10T) to large (≥30T) classes, with models like CDM6490F using Cummins/Isuzu engines.
• Forklift Industrial forklifts available in electric and diesel configurations from 1.5T to 16T capacity, including counterbalance forklifts, rough terrain forklifts, and warehouse equipment.
• High-Voltage Lithium Battery Forklift Industry-leading 345.6V high-voltage lithium battery forklifts featuring energy efficiency, fast charging (1C super-fast charging), permanent magnet synchronous motors, and IP67-rated safety components.
• Road Roller Vibratory road rollers available in B Series, D Series, A9 Series, and DD Series configurations, including single drum and double drum variants for road compaction applications.
• Skid Steer Loader Compact skid steer loaders (CDM303, CDM307, CDM308, CDM312, CDM312V) featuring Kubota engines, integrated loader frames, and quick-change attachment systems.
• Genuine Parts Center Genuine Lonking replacement parts including hydraulic elements, drive axles, transmission, hydraulic cylinders, gear pumps, valves, tanks, and pipes, with 70% of main product components self-made.
• Financial Leasing Services Financial leasing services offering financing channels, lower down payments, flexible repayment periods, and fixed interest rates for Lonking equipment purchases.

Quantifiable outcome

• Each electric forklift saves approximately 120,000 yuan/year in diesel consumption (24,000 liters/year based on 80 liters/day savings)
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered core and moderate.

• CATL (Contemporary Amperex Technology Co. Limited)coreTechnology or Integration · 27 February 2024Strategic cooperation agreement signed February 27, 2024 in Ningde, Fujian. CATL provides battery technology for Lonking's electric loaders (LG856H-E and LG866H-E models) featuring CATL's latest LFP battery cells, high-safety battery management system, and fast charging technology. The partnership supports Lonking's electrification strategy with products featuring 'high reliability, fast charging, high integration, and long life'.
• Shandong Heavy Industry GroupcoreStrategic or Co-development Partner · 15 December 2022Comprehensive strategic cooperation agreement signed December 15, 2022 in Shanghai. Shandong Heavy Industry Group has supported Lonking's development in both domestic and international markets for over 20 years, providing engines and components for construction machinery. The partnership aims to establish closer cooperation in more fields based on respective advantages.
• Weichai Holding GroupcoreStrategic or Co-development Partner · 15 December 2022Comprehensive strategic cooperation agreement signed December 15, 2022 in Shanghai. Weichai has been supplying engines and power systems to Lonking for over two decades. Chairman Tan Xuguang noted the partnership became a model for state-owned and private enterprise cooperation for win-win results, with both parties planning to jointly participate in global competition and lead chain innovation in China's construction machinery industry.
• Kawasaki Heavy Industries, Ltd.moderateTechnology or IntegrationLonking collaborated with Kawasaki Heavy Industries to develop the Transcendent series excavators. The partnership utilizes Kawasaki pumps, valves, electronic control and other precision components and systems, achieving high efficiency, sensitivity, large displacement, strong power, and fast operation response. The reliable Kawasaki configuration also improves the value retention rate of excavators.
• SPIC (State Power Investment Corporation Limited)coreStrategic or Co-development PartnerStrategic partnership for electric loader development and deployment. Lonking delivered LG855N-E pure electric loaders to SPIC featuring zero emission, zero pollution, and low noise. The cooperation represents industry-leading electric loader development combining Lonking's equipment manufacturing with SPIC's energy sector expertise for construction machinery electrification.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sany Heavy Industry: One of China's largest construction machinery OEMs, with direct overlap in wheel loaders, excavators, and road rollers, serving similar mining, construction, and infrastructure end markets globally.
• XCMG Group: Major Chinese construction machinery manufacturer with comparable product breadth across wheel loaders, excavators, and road rollers, competing head-to-head with Lonking in domestic and export markets.
• LiuGong: Direct peer in wheel loaders (a segment where LiuGong is historically strong) and excavators, with similar export-oriented distribution models in emerging markets.
• Zoomlion Heavy Industry: Chinese construction machinery OEM overlapping with Lonking in wheel loaders, excavators, forklifts, and concrete/road equipment, serving similar industrial and infrastructure customers.
• Anhui Heli (Hefei): China's leading forklift manufacturer and a direct competitor in Lonking's forklift product line, including the fast-growing electric forklift segment.
• Hangcha Group: Major Chinese forklift OEM with overlapping diesel and electric forklift offerings, competing for similar warehousing, logistics, and industrial customers.

Broad incumbents

• Komatsu: Global construction and mining equipment incumbent with comparable wheel loader and excavator lines, competing with Lonking especially in emerging markets and on higher-end specification jobs.
• Caterpillar: Global construction machinery leader whose wheel loader, excavator, and off-highway product lines overlap with Lonking's portfolio, particularly in mining and infrastructure applications.
• Hyundai Construction Equipment: Broad construction equipment OEM with wheel loader and excavator lines, competing with Lonking in Asia, Middle East, and Africa on similar mid-size infrastructure projects.
• Volvo Construction Equipment: Global construction equipment brand with wheel loader and excavator offerings, increasingly competing in emerging markets and on electrified equipment roadmaps where Lonking is also investing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lonking Holdings